Cars24, a leading
e-commerce platform for pre-owned vehicles, said that it has launched its
second largest Mega Refurbishment Lab in Bengaluru.
massive facility located in Kambalipura Village, Karnataka is spread over
105,000 sq ft and will refurbish over 80 cars daily and provide upwards of 250
auto expert jobs.
newest facility in Bengaluru will join its recently unveiled
counterparts in Pune, Hyderabad, Delhi NCR, Mumbai, Ahmedabad, and Chennai. The
unit is the last of the seven Mega Refurbishment Labs that were set to open in
the country. Pre-owned car buyers will now have access to high-quality used
cars from Cars24 coupled with multiple benefits such as a 7-day
return policy, 6-month warranty, and doorstep delivery.
move follows a Series G funding round announced in December 2021 where the firm
raised $400 million at a $3.3-billion valuation.
said it is propelling change in the pre-owned car ecosystem and setting
benchmarks for high-quality used cars. The majority of the used car
market is primarily unorganised and has been plagued by inefficiencies due
to the inherent information asymmetry in the vertical. Through the convergence
of technology-driven cutting-edge facilities, Cars24 said it is transforming
the pre-owned auto industry and thereby filling the standardisation and
benchmarking gap prevalent in the industry. The brand also leverages AI,
machine learning and data science to standardise and optimize the refurbishment
process. This will make the entire process efficient and effective while
in 2015, Cars24 aims to transform the way consumers buy and sell cars by
leveraging technology at every leg of the consumer journey to solve genuine
pain points and deliver a seamless experience. It allows customers to shop from
10,000 cars on the platform, finance and select doorstep delivery with
additional features of 6-months warranty and no questions asked return policy.
Cars24 vehicles are inspected, reconditioned and photographed in 360-degrees at
the refurbishment centers, so customers get a reliable and transparent buying
experience along with quality cars.
Cars24 competes with players such as
Droom, Ola, CarDekho, CarTrade and Spinny who are also betting on the used
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